711 Town Center Dr Oxnard, CA 93036
- Retail properties
- 3,286 SF
- 1.01 lot acres
Current Use by Public Records
- Retail properties
Property Details for 711 Town Center Dr
- Year built
- 2024
- Lot size
- 1.01 lot acres
- Property size
- 3,286 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 3,286 square foot Shake Shack restaurant with a double drive-thru, built in 2024. Located at 711 Town Center Dr, Oxnard, CA 93036, this property sits on a 1.01-acre lot and benefits from a high-traffic location directly off US-101 (124,938+ vehicles per day), with additional exposure from Town Center Drive (17,849+ VPD) and Oxnard Blvd (42,562+ VPD). The property features a 15-year absolute NNN ground lease commencing February 1, 2025, and expiring January 31, 2040, with two 5-year renewal options. The lease includes a corporate guarantee from Shake Shack, a rapidly expanding national chain with over 552 global locations. Rent increases by 10% every five years, ensuring consistent income growth. The property boasts a 4.35% cap rate and a strong net operating income (NOI) of $369,248. The asking price is $8,489,000, translating to a price per square foot of $2,583.38. Nearby national retailers include Chick-fil-A, Panda Express, Walmart Neighborhood Market, and Home Depot, further enhancing the property's desirability. Oxnard, CA, is a thriving community ranked among the top places to retire and buy a new home, with a population exceeding 200,415. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxnard
- County
- Ventura
- State
- California
- Longitude
- -119.18
- Latitude
- 34.2418
